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The arraignment of the chairman of Honeywell Group, Oba Otudeko, and the former Managing Director of First Bank, Olabisi Onasanya, faced a brick wall on Monday following their absence at the Federal High Court, Lagos.
They were to be arraigned on a 13-count charge of allegedly obtaining the sum of N12.3bn from FirstBank.
The duo was however represented in court by their counsels.
Bode Olanipekun (SAN), counsel to Oba Otudeko, told Justice Chukwuejekwu Aneke that he was appearing in protest as the charge had not been served on his client and the other defendants in the case.
Apart from the former Managing Director of First Bank, Olabisi Onasanya, the other defendants are a former member of the board of directors of Honeywell Flour Mills Plc, Soji Akintayo, and a company linked to Otudeko, named Anchorage Leisure Ltd.
Olanipekun told the court that despite not being served with the charge, the defendants were shocked to hear of the planned arraignment through the media when the story broke last week Thursday.
